Mail & Guardian
Mail & Guardian
prime lending ratelatest news & developments
Reserve Bank governor Lesetja Kganyago announced on Thursday that the monetary policy committee had increased the repo rate by 25 basis points to 7%, effective from 29 May.
BUSINESS

Reserve Bank cuts rate by 25 basis points to 7.25%

The announcement comes as the bank foresees lower global interest rates and a weaker outlook for the local economy

  • Aarti Bhana
3 min read
South African Reserve Bank governor Lesetja Kganyago. Photo: Waldo Swiegers/Bloomberg/Getty Images
BUSINESS

Reserve Bank cuts repo rate to 7.5%

This was despite the central bank highlighting upside risks to the inflation outlook

  • Aarti Bhana
2 min read